Loan amount
$550,000
Loan type
Refinance
{Construction}
Property value
$1,800,000
ARV
31%
{ARV}
Property type
Vacant Land
Credit score
774
Deal experience
3 deals
This loan scenario was submitted by a Broker
No
City
Higbee
State
Missouri
Current mortgage balance
$350,000
Cost of improvements
$200,000
Estimated property value after repairs
$1,800,000
Additional Loan Information
This is an active income producing 437 acre farm with a Barn, valued oak timber and all utilities currently set in place for new home (lodge) construction to be used as a replacement for the home/lodge that previously existed on site but was burnt to the ground by random "crack head" thieves that broke into the home a few years ago and accidentally set it on fire. Home was previously used as a lodge for recreational outfitters hunting and horse back services and new home will do the same.
Status
Pending review: Please check your email. We will be sending you follow-up questions, if needed. Be sure to check your spam folder.
Created
May 5, 2021 - 4:23pm
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